- Nifty 50 closed last week around 25,114, gaining about 1.5%.
- Today’s start is expected to be muted, with investors waiting for signals from the upcoming U.S. Federal Reserve meeting.
- Key company updates:
• Tata Technologies subsidiary to acquire Germany’s ES-Tec Group (~€75M) for European expansion.
• Dr. Reddy’s Laboratories received five observations from the U.S. FDA at its Hyderabad site.
• Gem Aromatics posted weaker Q2 earnings. - Foreign portfolio investors bought about ₹1.3 billion in equities on Friday; domestic institutions also kept buying.
🌍 Global / Asia
- Asian markets opened cautious ahead of the U.S. Fed meeting — expectations of a 25 bps rate cut.
- China data stays weak: industrial output and retail sales missed expectations, property sector remains under stress.
- Currencies: Dollar steady, euro slightly down, yen stronger.
- Commodities: Oil supported by geopolitical risks, gold near record highs.
🔭 What to Watch Today
- U.S. Federal Reserve decision and Powell’s guidance.
- Progress on India–U.S. trade talks.
- FII flows — foreign investor buying/selling trend.
- India’s inflation data and potential RBI comments.
